What is the current year-to-date ranking of the ringgit among Asian currencies?

Question

Accepted Answer

The Ringgit Ranks Second Best-Performing Asian Currency Year-to-Date

The Malaysian ringgit is currently the second best-performing currency in Asia on a year-to-date basis. It trails only the Chinese yuan in this performance metric.
Resilient Trade Data Supports Ringgit

Malaysia's total trade in March expanded by 9.3 per cent year-on-year, reaching RM273.0 billion. This growth was driven by a 8.3 per cent increase in exports, which amounted to RM148.8 billion, and a 10.4 per cent rise in imports to RM124.2 billion. The trade surplus for the month narrowed slightly by 0.9 per cent to RM24.6 billion.
Economic Strength Underpins Currency Performance

Advance estimates indicate that Malaysia's gross domestic product growth for the first quarter of 2026 is projected to exceed five per cent, demonstrating the economy's resilience. Nominal exports in the first quarter of 2026 saw a 12.7 per cent increase, a notable acceleration from the 11.0 per cent growth in the preceding quarter. This economic robustness positions Malaysia to better withstand external shocks, such as those arising from geopolitical events impacting oil prices.
Favourable Foreign Fund Flows Enhance Demand

Foreign fund flows into Malaysia's capital markets have been positive, indicating increased demand for the ringgit from international investors. This sustained demand provides a supportive backdrop for the currency, even amidst ongoing global uncertainties. The ringgit's upward trend against major currencies, including the British pound, euro, and Japanese yen, further underscores its strength.

Reading history

Hide →

This history is cleared when the page is closed.

What is the current year-to-date ranking of the ringgit among Asian currencies?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends